elmatador,
<< ERICY has a chance to turn the tables against NOK as MMS picks up. There lies the window of opportunity to ERICY and the risk to NOK. >>
I would be interested in having you expand on this, if you would.
I'm not exactly sure I understand where Ericsson's or Sony Ericsson's potential "window of opportunity" lies in this particular aspect of 2.5G/3G networks, servers, or terminals, as opposed to some areas.
BTW: I have some reservations about how the cultures of Sony and Ericsson will interact, but I am pretty impressed with the Sony Ericsson GPRS product line that is on retailers shelves right now. I don't think anyone has anything comporable across the range. The downside is that the carriers appear not quite ready (perhaps sensibly so) to push GPRS quite yet.
Thanks for the Lehman Brothers clips, and the FT link.
Some other clips from Chris Nuttall's article "Pick Up Phones When Networks Down" that are interestiong are these:
Handsets only bright spots for manufacturers ... Operators may be still giving them away, but the only telecom equipment that seems to be worth anything to manufacturers and analysts at present is mobile phones ... Nokia generates 90 percent of its operating profit from handsets and is Goldman Sachs' favourite pick in the sector. ... handsets were the one market in 2002 where there was some real visibility, it said, and even potential upside. ... ABN Amro, which also has Nokia as its key pick, believes it will enjoy a significant improvement in market share for handsets in Q4, to more than 34 percent from 32.8 percent in Q3.
FT even threw one in for the "Qualcomm Headbangers" (respectfully referred to as Quidiots here):
Qualcomm is its [ABN Amro's] top global pick based on a worldwide handset recovery and nominal hardware exposure.
That is a nice positive outlook on handsets and a pretty sensible rationale for valuing Qualcomm, IMO.
On the other hand the "Qualcomm Headbangers" won't like Lehman Brothers (presumably Tim Luke) saying positive things about ...
... Nokia's focus on GSM/UMTS, an addressable market set to grow
from 62 percent to 80 percent in the next 5 years or so.
Overall market growth will be slower.
Meantime, I thought that Vodafone's plans to up Cap Ex next year was a very positive sign. Perhaps a few others will follow and lift the infra pall, and you'll be in GREAT spirits.
Best,
- Eric - |
